Annual Report 2023

Our Annual Report presents the most essential information on our business, operating environment, the implementation of our strategy and comprehensive information on our sustainability efforts.

Key figures in 2023

Total revenue



2022: 413.3 M€ (+7.0%)

Funds From Operations (FFO)



2022: 160.7 M€ (+4.1%)

Fair value of investment properties



2022: 8.2 Bn€ (-1.4%) 

CEO’s review

We achieved a good result in 2023 in a very challenging market. Total revenue and net rental income increased, and our balance sheet has remained strong. Our rental operations picked up compared to the previous year, and our customer satisfaction improved.

Jani Nieminen
CEO, Kojamo plc

Highlights of the year

• Innovations in the webstore and services
• New properties added to the apartment portfolio
• Systematic sustainability efforts produced good results
• Measures to ensure future profitability

Systematic progress with sustainability programme

Our strategy, values and mission guide us to continuously develop our sustainability efforts. Responsibility and sustainable development constitute one of our strategic focus areas. The emphasis of our sustainability efforts is on sustainable construction, delivering the best customer and employee experience, and housing that supports sustainability.

Risks and opportunities related to climate change

Climate change and the related extreme weather phenomena and other physical threats can potentially have an impact on our properties. The green transition also places demands on our business operations. We report on the related risks and opportunities in accordance with the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations.

Sustainability key figures in 2023

Carbon footprint



2022: 1.0 (-16,9 %)

Net Promoter Score



2022: 45

New employee Net Promoter Score



2022: 75

Download Annual Report files

Download all Annual Report files in PDF format (4 files, .zip archive)